SKS Power's 4 x 300 MW Binjkote Thermal Power Plant located at villages Binjkote & Daramurra, Raigarh District, Chhattisgarh. Unit I of phase I of the project, comprising a capacity of 300 MW, began commercial operation on October 6, 2017, while unit II of phase I, which consists of another 300 MW, became operational on April 1, 2018. Phase II with 600 MW capacity is under construction.
Percentage of the generation capacity that will be provided to Chhattisgarh State Power Trading Company via a PPA signed in 2011. The project had also secured short-term PPAs with discoms of four states and a medium-term PPA with Noida Power Company.
Fuel Supply Agreement with South Eastern Coalfields Ltd originally. (MTPA = Million Tonnes Per Annum). However, in the absence of a long-term PPA and inability to meet other conditions, the plant has been unable to source linkage coal. At present, it sources coal through e-auction and from the open market.
Rs 4,892 crore
total debt owed to lenders as of 31 Mar 2018. The State Bank of India is the lead lender with an exposure of Rs 4,155 crore. Other major lenders include L&T Infrastructure Finance Company and PTC (India) Financial Services. Debt resolution has commenced outside the National Company Law Tribunal (NCLT).
15 Nov 2018
Agritrade Resources Ltd, a Singapore-headquartered and Hong Kong-listed company, announces it has agreed to acquire the project as well as some of its loans for a total of Rs 2,170 crore. This would mean lenders would get 57% less than the loan outstanding.